On January 9 2007, Steve Jobs premiered the first ever iPhone. Seven years later, the iPhone and it’s numerous generations are still going strong, despite the expanding smartphone market and competition: due to the iPhone, Apple makes 50% of the revenue for smartphones globally.
One of their newest models the iPhone 5S is 20% lighter than the original model and 40 times more powerful, evidence of how far our technology has come in just seven years. As of September 30, 2013 420 million iPhones had been sold worldwide. The iPhone alone brings in 53% to Apple’s overall revenue, generating massive $91.3 billion. To put that into perspective, that’s more than the entire yearly revenue of Microsoft ($77.9b), Coco-Cola ($48b) and Disney ($45b).
Since 2008, 50 billion apps have been downloaded, in 2013 the App Store brought in $10 billion and Apple have paid out $15 billion to app developers.
Apple does not appear to be slowing down and we are curious of what the next seven years will bring.
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